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Purpose. This form is for designating an agent who is empowered to take certain actions regarding your property. It does not authorize anyone to make medical and other healthcare decisions for you. 211 Texas. Apply for Benefits.
Texas's statutory form of durable power of attorney is found in Section 752.051 of the Texas Estates Code. It is a financial durable power of attorney - this means that it only allows the agent to handle financial matters.
(a) An individual may use a statutory durable power of attorney to grant an agent powers with respect to an individual's property and financial matters. (b) A power of attorney in substantially the form prescribed by Section 752.051 has the meaning and effect prescribed by this subtitle.
statutory durable power of attorney . notice: the powers granted by this document are broad and sweeping. they are explained in the durable power of attorney act, subtitle p, title 2, of the texas estates code. if you have any questions about these powers, obtain competent legal advice.
Here, learn about a "durable power of attorney," a legal tool that designates a trusted individual to manage critical tasks on your behalf if you are unable to do so. This article explains how to choose an agent, establish a durable power of attorney, limit the agent's authority, and revoke a durable power of attorney.
Under the Texas Estates Code, statutory durable power of attorney can be used to appoint an agent to make certain financial decisions for you should you be unable to do so. Although it cannot be used for healthcare or medical decisions, it is an important part of a comprehensive estate plan.
A Texas durable statutory power of attorney form can be used to designate someone else ("agent") to represent a person's financial interests on their behalf. The decisions that the agent makes would be binding as if the principal had made the decisions themselves.